Enjin Co (TSE:7370) ROCE % : 18.86% (As of Feb. 2024)

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What is Enjin Co ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Enjin Co's annualized ROCE % for the quarter that ended in Feb. 2024 was 18.86%.

Enjin Co ROCE % Historical Data

The historical data trend for Enjin Co's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Enjin Co ROCE % Chart

Enjin Co Annual Data

Trend

May19

May20

May21

May22

May23

ROCE %

25.08

45.89

59.42

47.62

32.43

Enjin Co Quarterly Data
	May19	May20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial										27.76	44.27	24.32	27.00	18.86

Enjin Co ROCE % Calculation

Enjin Co's annualized ROCE % for the fiscal year that ended in May. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	1303.164	/	( ( (4875.77 - 1057.344)	+	(5478.426 - 1259.388) )	/ 2 )
	=	1303.164	/	( (3818.426	+	4219.038)	/ 2 )
	=	1303.164	/	4018.732
	=	32.43 %

Enjin Co's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	808.728	/	( ( (5186.835 - 787.952)	+	(4814.689 - 637.782) )	/ 2 )
	=	808.728	/	( ( 4398.883	+	4176.907 )	/ 2 )
	=	808.728	/	4287.895
	=	18.86 %

(1) Note: The EBIT data used here is four times the quarterly (Feb. 2024) EBIT data.

Enjin Co (TSE:7370) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Enjin Co ROCE % Related Terms

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Enjin Co (TSE:7370) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Enjin Co Ltd (TSE:7370) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-11-4 Umeda, 9th Floor, Osaka Ekimae Dai-Yon Building, Osaka-shi Kita-ku, Qsaka, JPN, 530-0001

Website

https://www.y-enjin.co.jp

Enjin Co Ltd is engaged in providing PR support service for enterprises, executives and medical institutions, doctors, and managing the matching platform.

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